BOROUGH OF CLOSTER BERGEN COUNTY, NEW JERSEY COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED DECEMBER 31, 2010_part6 docx

BOROUGH OF CLOSTER
STATEMENT OF DEFERRED CHARGES
EXHIBIT B-4
Raised by
Balance,
2010
Balance,
December 31, Budget
December 31,
Pumose
2009
Appropriation
2010
Emergency Appropriations
$
25,000
$
25,000
Special Emergency Authorization -
Preparation
of
Master Plan 12,000
3,000
$ 9,000
Reassessment
of
Real Property 31,200
7,800 23,400
Overexpenditure
of
Appropriation Reserves 2,285

2,285
Total
$ 70,485 $
38,085 $
32,400
53
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BOROUGH
OF
CLOSTER
STATEMENT
OF
2009 APPROPRIATION RESERVES
EXHIBIT B-5
Page 1
Transferred
to Appropriated
Balance, Budget Aller
Grant
Reserves
December 31,
Transfer
or
Paid
or
and
Trust
Balance
2009 Modification

Charged
Reserves
Lapsed
Salaries and Wages
Municipal
Clerk's
Office $ 4,057 $ 2,057
$
600
$ 1,457
Financial
Administration
251
1,851
1,592
259
Data Processing
175
175 175
Assessment
of
Taxes
85 85
85
Revenue
Administration
759 759
759
Planning
Board

3 3
3
Municipal
Court
494 494
494
Police
9,315 48,915
48,839
76
Interborough
Police
30 30
30
Streets
and
Roads
Road
Repairs
and
Maintenance
35,114 45,614
45,538
76
Shade Tree
79 79 79
Sanitation
Garbage
and
Trash

Removal
22,476 22,476
21,388
1,088
Repair
to
Municipal
Vehicles 3,509
3,509
3,438
71
Fire
Prevention
Bureau
Unifonn Fire Safety
2,563 3,463
3,377
86
Emergency
Management
31 31
31
Recycling 40 40 40
Public Health Service
61 61
61
Recreation
57
57
57

Uniform
Construction
Code
Construction
Code
Official 3,393 3,393
865
2,528
Fire Sub Code 339 339 339
Plumbing
93
293
210
83
Code Enforcement 5,662 1,162
870
292
Elevator Sub Code
8 8 8
Electrical
Inspector
585 585 585
89,179 135,479
126,717
8,762
Other Expenses
General
Administration
2,079 2,079
1,875

204
Administration
and
Executive
Municipal Clerk's Office
157 357
242
115
Codification
of
Ordinances
5,749 5,749
5,299 450
Elections
80
80
80
Financial
Administration
5,251 7,451
7,207
244
Data
Processing
280 280
129
151
Assessment
of
Taxes

830 926
926
Engineering
14,327 6,327
6,327
Revenue
Administration
1,000 1,000
980 20
Legal 32,953 43,353
40,767
2,587
Monitoring
Wells
25
25
25
Closter
Improvement
Committee
3,855 2,855
2,855
Historical
Commission
4,535 3,535
3,535
54
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BOROUGH OF CLOSTER

STATEMENT OF 2009 APPROPRIA
nON
RESERVES
EXHIBIT B-5
Page 2
Transferred
to Appropriated
Balance,
Budget After
Grant
Reserves
December 31,
Transfer
or
Paid
or
and
Trust
Balance
2009 Modification
Charged Reserves
Lapsed
Other Expenses (Continued)
Planning Board
$ 25,901 $ 26,001
$ 25,414 $
587
Zoning Board
4,776 2,776
41

2,735
Unemployment
Insurance
1,166 1,166 1,166
Group
Insurance
Plan
for
Employees
149,677 107,177
99,883
7,294
General
Liability
Insurance
27,740 28,841
28,841
Workers
Compensation
Insurance
3,602 4,894
4,894
Other
Insurance
Premiums
94 94
94
Construction
Code
Official 737 737

168 569
Code
Enforcement
619 619
619
Zoning Officer 100 100
100
Public Safety
Fire
Prevention 238 290
290
Fire
Protection
5,041 5,041
3,589 1,452
Fire
Hydrant
11,698 12,198
12,170 28
Municipal
Prosecutor
2,020 2,020
2,020
Police
11,588 7,488
323 7,165
Acquisition
of
Vehicles
6,654 6,654

6,600
54
Emergency Management
958 958 958
Streets
and
Roads
Road Repairs and Maintenance
1,601
1,601
1,341 260
Snow
Removal
10,000 7,000
4,832
$
2,168
Shade Tree
2,575 2,575
1,750
825
Public Buildings & Grounds
2,957 3,457
3,421 36
Sanitation
79 979
835
144
Solid Waste Recycling Landfill
26,817 26,817

24,094
2,723
Recycling
95
95
95
Board
of
Health
3,594 3,637
600 3,037
Environmental
Commission
844 844
844
Animal
Control
8 8
8
Administration
of
Public Assistance
200 200
108 92
Recreation
and
Education
Other
Expenses
4,688 4,688

4,688
Maintenance
of
Parks
3,784 3,784
3,784
Board
of
Recreation Commissioners
6,973
6,973
6,900
73
Repair
to
Municipal Vehicles
13,781 14,281
13,675
606
Utilities:
Gasoline
10,744 10,744
10,744
Electricity
95
9,095
9,095
Natural
Gas
7,318 7,318

2,241 5,077
Telephone and Telegraph
9,197 9,197
712 8,485
Street Lighting
20,482 11,482
11,328 154
Sewer
System
2,416 2,416
2,416
Water
683 683
229 454
55
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EXHIBITB-5
Page 3
BOROUGH
OF
CLOSTER
STATEMENT
OF
2009
APPROPRIATION
RESERVES
Transferred
to Appropriated
Balance,

Budget After
Grant
Reserves
Decembel' 3I,
Transfer
or
Paid
or
and
Trust
Balance
2009 Modification Charged
Reserves
Lapsed
Other Expenses (Continued)
Social
Security
System
$
5,986 $
5,986
$
5,986
BCUA
364
364
364
Library
1
1

1
Municipal
Court
423
423
$
145
278
Length
of
Service
Awards
Program
1,250
1,250
1,250
Interboro
Police
343 1,270 1,000
270
COPS
in
Shops
3,003 3,003 693 $ 2,310
Clean
Communities
18
18 18
Hazardous
Discharge

Site
Remdiation
4,224 4,224 1,422 2,802
Police
Body
Armor
442
442 442
468,715
425,926 289,108 7,740
129,079
$
557,894 $ 561,405 $ 415,825 $
7,740 $ 137,841
Balance, December 31, 2009
Encumbrances
Restored
to
Appropriation
$ 557,894
3,511
$ 561,405
Appropriated
Grant
Reserves
Due
to
Other
Trust
Fund

$ 5,572
2,168
56
$ 7,740
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BOROUGH OF CLOSTER
STATEMENT OF LOCAL SCHOOL TAXES PAYABLE
Increased by:
Levy, Calendar Year 2010
EXHIBITB-6
$ 16,503,848
16,503,848
Decreased by:
Prior Year Prepaid Applied
Payments
Balance December 31, 2010 (Prepaid)
$ 196,920
16,489,914
16,686,834
$ 182,986
EXHIBITB-7
STATEMENT OF REGIONAL HIGH SCHOOL DISTRICT TAXES PAYABLE
Increased by:
Levy, Calendar Year 2010
Payments
$ 10,447,114
$ 10,447,114
EXHIBIT B-8
STATEMENT OF GRANTS RECEIVABLE

Balance
Balance
December 31, Revenue December 31.
2009
Realized Received 2010
Stormwater Management $ 2,117
$
2,117
Barrier Free - CDBG 40,000
40,000
COPS in Shops 3,500 $ 3,284
216
Recreation Opportunity
$
10,000 6,742
3,258
Historic Preservation 20,000 1,950 18,050
Business Stimulus 7,000 6,785 215
Clean Communities 11,440 11,440
Police Body Armor 3,090 3,090
Alcohol Education 603
603
Handicap Ramps
62,000 1,537 60,463
Bergen County Prosecutor Office
-
Forfeiture
of
Funds
3,000

3,000
$
45,617
$
117,133 $ 35,431
$
127,319
57
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BOROUGH OF CLOSTER
STATEMENT OF RESERVE
FOR
APPROPRIATED GRANTS
EXHIBITB-9
Transferred
Balance,
From 2009
Balance,
December 31,
Appropriation December 31,
2009 Reserves Expended
Adjustment
2010
Drunk Driving Enforcement Fund $ 14,018 $
5,515
$ 8,503
Historical Commission Grant 7,153 7,153
Municipal AIliance Grant 8,580
8,580

Municipal Recycling Assistance 18,407 $ (8,011) 10,396
Alcohol Education
345
345
Domestic Violence
300 300
School Safety 403
403
Community Dev-Barrier Free 20,817 20,817
E-911 Grant
29,602
29,602
Recycling Tonnage Grant
2,289 8,011 10,300
Clean Communities Grant 19,661
$
18
11,441
8,238
Highway Safety 1,178
1,178
Pandemic Influenza 9,040 9,040
COPS in Shops
2,310 2,310
Hazardous Discharge Remediation 2,802 2,802
Police Body Armor
442 442
$ 131,793 $ 5,572 $ 46,903
$ $
90,462

EXHIBIT B-IO
STATEMENT OF RESERVE
FOR
UNAPPROPRIATED GRANTS
Balance, Balance,
December 31, Cash Appropriated December 31,
2009
Receipts in 2010 2010
Solid Waste Administration Grant
$
16,060
$
16,060
Smart Growth Grant 4,500 4,500
Historical Commission Grant 600 600
Clean Communities $ 2,508
$
2,508
Watershed 13,489 13,489
$ 21,160 $ 15,997
$
21,160 $ 15,997
58
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BOROUGH OF CLOSTER
STATEMENT OF MISCELLANEOUS RESERVES AND DEPOSITS
EXHIBIT B- I I
Balance,
Balance,

December 3
I,
December 31,
2009
2010
Reserve for Insurance Recoveries
$ 15,401 $ 15,401
Reserve for Revaluation 213 213
$
15,614
$
15,614
59
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TRUST FUNDS
Trust funds are used to account for assets held
by
the government
in
a trustee capacity. Funds held
by
the Borough
as
an
agent for individual, private organizations, or other governments are recorded
in
the Trust Funds.
Animal Control
Fund

- This fund
is
used to account for fees collected from dog and cat licenses and
expenditures which are regulated by
NJ.S.
4:
19-15.11.
Other
Trust
Fnnd
- This fund
is
established to account for the assets and resources, which are also held by the
Borough as a trustee or agent for individuals, private organizations, other governments and/or other funds. These
funds include dedicated fees/proceeds collected, developer deposits and deposited funds with the Borough
as
collateral.
Open
Space
Trust
Fund
- This fund is used to account for the resources, which have accumulated from a
dedicated tax, to be used for the preservation
of
open space, recreation and farmland property.
Public Assistance
Fund
- This fund
is
used to account for the receipt and disbursement

of
funds that provide
assistance to certain residents
of
the Borough pursuant to Title
44
of
New Jersey Statutes.
Length
of
Service
Awards
Program
(LOSAP)
Fund
- This fund
is
established to account for the tax-deferred
income benefits
to
active volunteer members
of
an emergency service organization
of
the Borough.
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EXHIBITC
BOROUGH OF CLOSTER
COMBINING BALANCE SHEET - REGULATORY BASIS

TRUST
FUNDS
AS OF DECEMBER
31,
2010
(With Comparative Totals as
of
December
31, 2009)
Length
of
Service
Animal
Open Space Public Awards Program
Totals
Control Other Trust
Trust
Assistance
(LOSAP)
2010
2009
(Unaudited)
ASSETS
Cash and Cash Equivalents
$
13,996 $ 1,861,704 $ 855,416 $ 9,247 $ 2,740,363 $ 2,384,632
Investments
$
365,736 365,736
303,029

Interfund Receivable
13,464
206,939
220,403
112,398
~
Contribution
Receivable 37,700 37,700 36,500
0
Total Assets $ 13,996 $ 1,875,168 $ 1,062,355 $ 9,247 $ 403,436 $ 3,364,202 $ 2,836,559
LIABILITIES, RESERVES AND FUND BALANCE
Liabilities
and
Reserves
Miscellaneous Reserves
and
Deposits $
1,872,318 $ 1,872,318 $ 1,598,551
Payroll Deductions Payable
1,727
1,727 38,340
Interfund Payable $ 5,296 431 $ 108,940 114,667 812,183
Due to State
of
New
Jersey 4
4
1
Reserve
for

Expenditures
8,696 953,415 $
9,247
$ 403,436 1,374,794 386,792
13,996 1,874,476 1,062,355 9,247 403,436 3,363,510 2,835,867
Fund Balance 692 692 692
-
Total Liabilities, Reserves and Fund Balance $ 13,996 $
1,875,168
$
1,062,355 $
9,247
$ 403,436 $ 3,364,202 $ 2,836,559
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EXHIBIT C-l
BOROUGH OF CLOSTER
COMPARATIVE STATEMENTS OF FUND
BALANCE·
REGULATORY BASIS
OTHER TRUST FUND
FOR THE YEARS ENDED DECEMBER 31, 2010 AND 2009
Balance, January I,
Balance, December 31,
$
$
STATEMENT OF
REVENUES·
REGULATORY BASIS
OPEN SPACE TRUST FUND

692
,,$
__
",69",-2
692
;:;.$
~~~69;;;2
EXHIBITC·2
2010
2010
Anticipated
Realized
Excess
Amount to be Raised by Taxation $
206,320 $ 206,939 $
619
Interest Earned
2,714 2,714
$ 206,320 $
209,653 $ 3,333
EXHlBITC·3
STATEMENT OF EXPENDITURES· REGULATORY BASIS
OPEN SPACE TRUST FUND
Reserve for Future Use
61
2010
Appropriated Expended
$ 206,320
,,$
_

$ 206,320
;:;.$
~~~
2010
Reserved
$ 206,320
$ 206,320
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BOROUGH OF CLOSTER
STATEMENT
OF
RESERVE
FOR
EXPENDITURES
ANIMAL CONTROL FUND
EXHIBITC-4
Balance, December 31, 2009
$
8,120
Increased by:
Fees Collected 9,016
17,136
Decreased
by:
Animal Control Expenditures $ 2,365
Statutory Excess Due to Current Fund 6,075
8,440
Balance, December 31, 2010
$

8,696
EXHIBITC-5
STATEMENT
OF
MISCELLANEOUS RESERVES AND DEPOSITS
OTHER TRUST FUND
Balance Balance
December 3I,
December 31,
2009
Receipts Disbursements 2010
Special Recreation
$ 52,994 $ 166,596
$
155,948
$
63,642
Affordable Housing 908,517
125,447 15,077 1,018,887
Escrow Deposits and Miscellaneous 637,040
696,889 544,140 789,789
$ 1,598,551 $
988,932 $ 715,165
$
1,872,318
62
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BOROUGH OF CLOSTER
STATEMENT OF RESERVE FOR EXPENDITURES

PUBLIC ASSISTANCE FUND
EXHIBITC-6
Balance, December 3I, 2009 $
10,482
Increased by:
Donations
4,348
14,830
Decreased by:
Expenditures
5,583
Balance, December 31, 20
10
$
9,247
EXHIBITC-7
STATEMENT OF PUBLIC ASSISTANCE EXPENDITURES
Food Locker
Local Assistance
63
$
5,583
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